If effected, the overall number of clubs in European competitions will sit at 96 from the previous 64.

The move will be largely seen as one which aims at maximising on the huge commercial potential of European competitions while also offering a chance at continental success for big clubs which may have had a disappointing season.

From 2021, the Europa league will be followed by another third tier European competition. Photo: UEFA.comSource: Twitter

Agnelli, while speaking at the annual general assembly of the ECA in Croatia on Tuesday, September 11, said further consultations were ongoing to determine the exact format the European competition would take.

"A detailed assessment of the existing international match calendar is required prior to presenting a new model post-2024." he said as quoted by BBC.

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